iA Global Asset Management Inc. lessened its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 72.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,150 shares of the technology company’s stock after selling 5,645 shares during the quarter. iA Global Asset Management Inc.’s holdings in Jabil were worth $467,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of JBL. Norges Bank acquired a new position in shares of Jabil in the 2nd quarter valued at approximately $323,338,000. Boston Partners increased its stake in Jabil by 224.4% in the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after acquiring an additional 1,313,338 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Jabil by 107.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company’s stock valued at $286,594,000 after purchasing an additional 682,899 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Jabil by 1,363.3% during the second quarter. Allianz Asset Management GmbH now owns 270,731 shares of the technology company’s stock worth $59,046,000 after purchasing an additional 252,229 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Jabil by 103.2% in the 2nd quarter. Amundi now owns 453,620 shares of the technology company’s stock valued at $100,654,000 after purchasing an additional 230,422 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Price Performance
Shares of NYSE:JBL opened at $243.51 on Monday. The firm has a market cap of $25.71 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $258.05. The firm’s fifty day moving average is $224.63 and its 200-day moving average is $217.93. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.67 and a current ratio of 0.99.
Jabil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is presently 4.98%.
Analysts Set New Price Targets
JBL has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research report on Friday, January 9th. Bank of America raised their price target on shares of Jabil from $255.00 to $262.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. UBS Group upped their price objective on shares of Jabil from $239.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Jabil from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jabil presently has an average rating of “Buy” and a consensus price target of $263.71.
Check Out Our Latest Stock Analysis on JBL
Insider Transactions at Jabil
In related news, SVP May Yee Yap sold 8,858 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $225.03, for a total transaction of $1,993,315.74. Following the sale, the senior vice president owned 25,421 shares in the company, valued at $5,720,487.63. This represents a 25.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven D. Borges sold 10,000 shares of Jabil stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $235.00, for a total value of $2,350,000.00. Following the completion of the sale, the executive vice president owned 90,524 shares of the company’s stock, valued at approximately $21,273,140. The trade was a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 204,030 shares of company stock worth $46,715,468. Corporate insiders own 1.35% of the company’s stock.
About Jabil
Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.
Founded in 1966 by William E.
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